Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company. The company is primarily engaged in processing aluminium-based metal scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar.
The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc.
Baheti Recycling Industries’ manufacturing unit is situated at Dehgam (Gandhinagar, Gujarat) and has a 12,000 MT installed capacity for processing aluminium scrap.
The company’s esteemed customers include ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc.
The company markets its products in around 12 states & Union Territories in India. Baheti Recycling Industries Limited also sell our products to foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.
Competitive Strengths:
- In-house manufacturing facility supported by technology-driven process.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified Client Base and long-standing relationship with our customers.
- Strong and diversified supplier base for sourcing raw materials.
- Experienced Promoters supported by dedicated Management team.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4535.09 | 10595.84 | 19.19 | 1033.23 | 658 | 3118.89 |
| 31-Mar-21 | 6301 | 12780.02 | 47.78 | 1081.02 | 706.02 | 3789.61 |
| 31-Mar-22 | 8190.39 | 24926.06 | 291.98 | 1669.51 | 1213 | 5074.81 |
| 31-May-22 | 7939.48 | 5757 | 57.36 | 1726.87 | 1270.36 | 4536.31 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intend to utilize the proceeds of the Issue to meet the following objects: –
1. Modernization and expansion of existing manufacturing unit.
2. To meet Working Capital requirements.
3. General Corporate Purpose.
4. To meet issue expenses.
Baheti Recycling Industries IPO Details
| IPO Date | Nov 28, 2022 to Nov 30, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,760,000 shares of ₹10 (aggregating up to ₹12.42 Cr) |
| Fresh Issue | 2,760,000 shares of ₹10 (aggregating up to ₹12.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | HEM FINLEASE PRIVATE LIMITED |
| Company Promoters | Mr. Shankerlal Bansilal Shah, Mr. Balkishan Shankerlal Shah and Mr. Yash Shankerbhai Shah are the company promoters. |
Baheti Recycling Industries IPO Tentative Timetable
Baheti Recycling Industries IPO opens on Nov 28, 2022, and closes on Nov 30, 2022. The Baheti Recycling Industries IPO bid date is from Nov 28, 2022 10.00 A.M. to Nov 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 28, 2022 |
| Closing Date | Nov 30, 2022 |
| Basis of Allotment | Dec 5, 2022 |
| Initiation of Refunds | Dec 6, 2022 |
| Credit of Shares to Demat | Dec 7, 2022 |
| Listing Date | Dec 8, 2022 |
Baheti Recycling Industries IPO Lot Size
The Baheti Recycling Industries IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
Baheti Recycling Industries IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.37% |
Baheti Recycling Industries IPO Review
BRIL is in the aluminium recycling segment having bright prospects ahead. Of late we are witnessing rising interest in the aluminium industry. Based on FY23 earnings, the issue appears reasonably priced. Investors may consider investment for the medium to long-term rewards. Read detail review…
Baheti Recycling Industries IPO Prospectus
Company Contact Information
Baheti Recycling Industries Limited
A-2/3, L.R. Apartments,
Opp. Police Commissioner Office, Shahibaug
Ahmedabad – 380 004, Gujarat,
Phone: : +91-79-25627681/82
Email: info@bahetiindustries.com
Website: https://www.bahetiindustries.com/
Baheti Recycling Industries IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com